Fifteen Group has secured a $52.6 million refinancing loan for Horizons North, a 276-unit garden-style community in Miami. Multihousing News reports that JLL Capital Markets’ Mark Wintner, Joshua Odessky, and Charlie Foy led the debt advisory team that arranged a Freddie Mac note. Fifteen Group had acquired the asset in 1999 from LNR Property. Completed in...
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Penzance acquired approximately $200 million in multifamily and residential assets totaling 1,100 units and over 1.2 million square feet during the fourth quarter of 2025 in Virginia and the Carolinas. Of the four projects, two are in North Carolina: Presley Oaks in Charlotte and Arden Ridge in Asheville. The acquisitions include stabilized communities purchased well...
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Newmark arranged a $109.5 million loan on behalf of an Ares Real Estate fund to refinance The Knox and The Finch, a portfolio of recently constructed multifamily communities located in Acworth and Hoschton, Georgia. The financing was secured from ACORE by Newmark’s Jordan Roeschlaub, Nick Scribani , Chris Kramer and Sam Speciale. Delivered in late 2023 and early 2024, The Knox...
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There’s little doubt that the “extras” offered by a multifamily property can entice renters from one property to another. However, those on-site amenities aren’t stagnant—they change, based on demand. To clarify what’s going on with apartment features—as well as the 2026 outlook—Apartment ApartmentBuildings.com tapped with Jeff Lail, CEO of WithMe, for his insights and forecast....
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Strathearn Development has commenced construction on the first phase of a transit-oriented apartment project in Edmonton. The project is located in the Strathearn community at 95th Avenue and 87th Street, directly adjacent to the Strathearn LRT stop, and marks the launch of a long-planned mixed-use community. Strathearn Development is a co-venture of Rockwell Investments, Canderel,...
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CAPREIT has announced that Chief Investment Officer Julian Schonfeldt will leave the organization in April to pursue new career opportunities. Schonfeldt became CAPREIT’s first CIO in 2022 and has executed about $6 billion in transactions. Katie Lee has joined Nicola Real Estate as director of asset management. Based in Vancouver, she will play a key...
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Cushman & Wakefield brokered the $28.45 million sale of 1900 W Lawrence, a boutique luxury mixed-use property with 59 multifamily units and over 19,000 square feet of ground-level retail space in Chicago’s Ravenswood neighborhood. Located at 1900 W. Lawrence Ave., the property is a former Sears store that was redeveloped in 2021. At the time...
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Canada’s commercial real estate market will gradually stabilize and grow in 2026 amid improving conditions and solid fundamentals, says a Morguard report released Thursday. The 2026 Canadian Economic Outlook and Market Fundamentals Report, reviews 2025 market performance and outlines trends for 2026, highlighting stabilization in Canada’s multi-suite residential rental market, generally healthy industrial fundamentals and...
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